Novolipetsk Steel: Upcoming delisting of Global Depositary Shares

Press release

26 December 2022

Upcoming delisting of Global Depositary Shares

As previously reported, on 19 December 2022 Deutsche Bank Trust Company Americas announced the termination of the Regulation S and Rule 144A Deposit Agreements in respect of the Global Depositary Shares (ISIN numbers: US67011E1055 and US67011E2046) (the “GDSs”) representing ordinary shares of NLMK, dated 24 March 2005 (as amended) (together, the “Deposit Agreements”) on 18 January 2023 (the “Termination Date”).

NLMK believes that, starting from the Termination Date, the GDSs will no longer be suitable for listing on London Stock Exchange and their listing will need to be cancelled. NLMK has notified the Financial Conduct Authority and London Stock Exchange accordingly and expects that the listing of the GDSs will be cancelled with effect from the Termination Date. 

About NLMK Group

NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.

NLMK Group’s steel products are used in various industries, from construction and machine building to the manufacturing of power-generation equipment and offshore wind turbines.

NLMK operates production facilities in Russia, Europe, and the United States. The Company’s steel production capacity exceeds 18 million tonnes per year.

NLMK’s ordinary shares with a 20.7% free-float are listed on the Moscow Stock Exchange (ticker "NLMK") and its global depositary shares are listed on the London Stock Exchange (ticker "NLMK:LI"). The share capital of the Company is divided into 5,993,227,240 shares with a par value of RUB1.

For more information about NLMK Group, please visit our website.